KNM GROUP BHD

KLSE (MYR): KNM (7164)

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Last Price

0.085

Today's Change

0.00 (0.00%)

Day's Change

0.085 - 0.09

Trading Volume

2,998,500


72 people like this.

58,710 comment(s). Last comment by ocbc 6 hours ago

MacDee34

230 posts

Posted by MacDee34 > 2 months ago | Report Abuse

It seems the wheels of justice are finaly turning. Now the authorities are seizing documents for an investigation. Must be about that phony guarantee that Tunku Yaacob gave to FBM in the whistleblower report.

https://focusmalaysia.my/bukit-aman-cops-raid-knms-cosec-and-registrar-offices-seize-biz-documents/

OtisKL

280 posts

Posted by OtisKL > 2 months ago | Report Abuse

Hiya everyone, what's new? Been away "overseas" for funeral rites, just got home.

@MacDee34, long time no see. Hope you are in the best of health. Thanks for sharing the article. Reading in the Star Online this morning, the police denied it was a raid wor.... well, if a report of any issue is lodged, it's the police's SOP to investigate, they are doing their duty, as I see it, moreover for any public-listed company, as it's in the interests of the public anyway.

OtisKL

280 posts

Posted by OtisKL > 2 months ago | Report Abuse

While you were gone @MacDee34, a lot of good things happened, and KNM got their RO. However, it's still showing reds in their recently released quarterly report, although narrowed the gaps.

OtisKL

280 posts

Posted by OtisKL > 2 months ago | Report Abuse

In fact, a better story for today, the Federal Court repealed Act 498 of the Penal Code, saying that "it's criminal to entice a married woman." The Federal Court said that is somewhat implying that the woman is the Husband's possession, macam slavery lar.

https://focusmalaysia.my/federal-court-declares-section-498-unconstitutional-in-landmark-ruling/

MacDee34

230 posts

Posted by MacDee34 > 2 months ago | Report Abuse

Raid or no raid lah.. it is not the beach club. The point is an investigation is confirmed about all the never ending hanky panky of Tunku Yaacob and his incompetent management. It never ends. Can't even do an honest EGM.

OtisKL

280 posts

Posted by OtisKL > 2 months ago | Report Abuse

@MacDee34, aah, okay, I see what you mean. Well, this company has a long way to recovery, hope it becomes a win-win situation for all.

Have you following up on Sapura Energy? It's another PN17 O&G company similar to KNM. SE has over RM10b debts, on the road to recovery, fell into PN17 one year earlier. But SE journey pretty smooth, recently they had a white Knight rescuing it.

Auntylee

83 posts

Posted by Auntylee > 2 months ago | Report Abuse

@MacDee34
Cantonese said
“解释就是掩饰”🤫

batigoal

16 posts

Posted by batigoal > 2 months ago | Report Abuse

any news ??

Dehcomic01

288 posts

Posted by Dehcomic01 > 2 months ago | Report Abuse

From a ROE vs share price trend perspective as per the chart below, you can see that while KMN ROE had improved recently, the share price did not have a corresponding movement. https://i.postimg.cc/m27CSYP9/KNM.png

You should not be surprised as KNM had not been profitable for many years. The current ROE is moving from a bigger loss to a lower loss ie negative 46 % ROE to a negative 14 % ROE.
There are better Bursa companies in the Bursa sector to look at. Are there opportunities in the Bursa Energy Services sector? https://www.youtube.com/watch?v=YrMdgjFHHaU

11395861

370 posts

Posted by 11395861 > 2 months ago | Report Abuse

0.07 cent boleh masuk

Vhydro

1,552 posts

Posted by Vhydro > 2 months ago | Report Abuse

0.01 cent boleh masuk

Posted by Strategist Invest Lam > 2 months ago | Report Abuse

KNM Group Berhad as a reputable and responsible company

Further reveal the latest progress of many of its corporate activities. In addition to continuing to cash out assets to reduce the company's debt burden, the listing plan of Borsig, a wholly-owned subsidiary, has also made significant progress. The company is currently negotiating with potential subscribers for the initial purchase price.

With the sale of FBM Group and Thai assets one after another, Cohenma will regain sustainable profits with the assistance of Borsig Group; Borsig Group will implement a dividend policy after listing, and at least 75% of the net profit will be used for dividends every year.

The company emphasises that the main creditors are very supportive of the current management, and the company will continue to actively discuss the restructuring plan with investment banks.

neemdom

176 posts

Posted by neemdom > 2 months ago | Report Abuse

Few years ago use to follow mr.sardine in knm forum.donot know whether he still holding knm.he said he sold his house to invest in knm

Medusa

522 posts

Posted by Medusa > 2 months ago | Report Abuse

Only c2pid will believe ppl sell house to buy stock

Follow medusa buy low sell high

Follow sardin buy high sell low

Kikiki…

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

Bought truckloads of knm.
No risk no gain

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

After much looking at how TY die die also must survive...i think its ok

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

Imagine putting 90+ mil of your own money.
Plus abu bekirs 30+ mil and u know yours n thiers interests align

OtisKL

280 posts

Posted by OtisKL > 2 months ago | Report Abuse

Hiya everyone! Hope all is well. Looks like the price isn't going down below 9sen, which is a good sign to hold at this level until now. If only its subsidiary, KNM Process Services is injected into Borsig upon listing into SGX to push up its speed to have its presence in Malaysia and Asia generally, it will be very synergistic to KNM as a group.

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

What happened to german sausage?
Cant believe he didn't do anything these few months. So quiet.
And he cant have ran away.

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

Dream on lol

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

Hmm why does ppl like to delete their statements?
They must be cheaters n liars. Body got shxt hehe

MrMojo

1,446 posts

Posted by MrMojo > 2 months ago | Report Abuse

I am curious mana german sausage? Perhaps a unity board can help speed things along eh

newbie9893

1,829 posts

Posted by newbie9893 > 2 months ago | Report Abuse

macam nak gerak gerak..buy now before it shoot up

Eman123

1 posts

Posted by Eman123 > 1 month ago | Report Abuse

coming...

Bullkobear

314 posts

Posted by Bullkobear > 1 month ago | Report Abuse

is warming up again!

Dav Yau

28 posts

Posted by Dav Yau > 1 month ago | Report Abuse

Why no news on borsig listing in Singapore...

Dav Yau

28 posts

Posted by Dav Yau > 1 month ago | Report Abuse

If no listing, sayonara...loh

NorAfan

127 posts

Posted by NorAfan > 1 month ago | Report Abuse

tangguh ke bulan Jun-July?

NorAfan

127 posts

Posted by NorAfan > 1 month ago | Report Abuse

haha. Dari wawasan 2020 ke wawasan 2030 😆

Posted by Strategist Invest Lam > 1 month ago | Report Abuse

Good jobs done :

KNM Group Bhd has received the greenlight from Bursa Malaysia Securities Bhd for a six month extension to submit its financial regularisation plan to exit its Practice Note 17 (PN17) status

RedEmperor

156 posts

Posted by RedEmperor > 3 weeks ago | Report Abuse

So how much did Tunku pay for his latest off market purchase of 91Million shares? @16.52Cent/per share?

ocbc

880 posts

Posted by ocbc > 3 weeks ago | Report Abuse

SG listing coming after CNY, that is why he is loading

Dav Yau

28 posts

Posted by Dav Yau > 3 weeks ago | Report Abuse

Actually he is not loading...he is only averaging from RM 0.22 and 0.95 or RM 0.10

Dav Yau

28 posts

Posted by Dav Yau > 3 weeks ago | Report Abuse

That is why Tengku shares is now RM 0.165 after averaging...

Dawneagle

332 posts

Posted by Dawneagle > 3 weeks ago | Report Abuse

@Dav Yu
Your info is wrong. He purchased 91million shares at 0.165 - off market deal.

izoklse

5,184 posts

Posted by izoklse > 3 weeks ago | Report Abuse

very interesting TY keep on buying

MacDee34

230 posts

Posted by MacDee34 > 3 weeks ago | Report Abuse

TY forced MAA to buy 91 million KNM shares at double the market price with an immediate loss of RM 7,280,000 because TY made a personal deal with his friend to help him win the KNM EGM? How can the MAA shareholders absorb a loss like this without shareholder approval? I thought this was a public company. Can we hold the Board personally liable for this loss? how can Bursa allow this? Where is the SC?

T. YAACOB VIA MAA PURCHASE OF 2.25% STAKE IN KNM ON 8.02.2024

Ref. is made to the 2.25% KNM stake purchase at double market price by T. Yaacob, equivalent to 91,000,000 KNM shares.

This off-market deal at 0.165sen/share follows the announced intention to deal within a closed period (announced on 6.02.2024) and was made on 8.02.2024 with MAA Berhad (TY) increasing its stake in KNM at the same price paid in October 2023 by Datuk Seri Mahmood Taib, who entered as significant shareholder with a 5.06% stake, later reduced below the threshold amount of 5%. T. Yaacob was committed to buying back all of DS Mahmood shares at the same price paid by the latter. This deal represents for MAA a loss of 0.080 per share [0.165sen less 0.085sen].

Dawneagle

332 posts

Posted by Dawneagle > 3 weeks ago | Report Abuse

@macdee34
All is fair in love and war.

Dav Yau

28 posts

Posted by Dav Yau > 2 weeks ago | Report Abuse

Will Tengku do a runner...???

Posted by theboss9009 > 2 weeks ago | Report Abuse

pung pang pung pang still at 8.5 sen adoiiii

ocbc

880 posts

Posted by ocbc > 2 weeks ago | Report Abuse

TY/MAA wants better control since Borsig to be listed in SGX likely this year.

KW L

59 posts

Posted by KW L > 2 weeks ago | Report Abuse

Few years ago they said to list FBM Hudson but then what had happened? Nothing.

Orson Chin

2,006 posts

Posted by Orson Chin > 2 weeks ago | Report Abuse

all talk talk only ……. Where got go listed …. Can I search any information from sg there ?

Woodswater

3,779 posts

Posted by Woodswater > 2 weeks ago | Report Abuse

KNM Bhd received binding and irrevocable offers to acquire the entire stake in its Italian unit FBM Hudson Italiana SpA for a total amount of 16.5 million euros (approximately RM84.99 million). The potential purchasers are Milan-based BM Carpenterie Oil & Gas SRL, which is offering to acquire 60% of the stake in FBM Hudson for 9.9 million euros, and Verona-based Officine Piccoli SpA, which seeks to acquire the remaining 40% stake for 6.6 million euros. The offers came after the Italian government had in November 2023 rejected the proposed disposal by KNM Bhd’s wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson to the United Arab Emirates' Petro MAT FZCO. Notably, the new offers would value FBM Hudson lower than Petro MAT's previous offer of 22 million euros. KNM receives new offer to acquire Italian unit for 16.5 mil euros

ocbc

880 posts

Posted by ocbc > 1 week ago | Report Abuse

listing of borsig coming nearer

Dav Yau

28 posts

Posted by Dav Yau > 1 week ago | Report Abuse

@acbc....are you sure....no news at all

Auntylee

83 posts

Posted by Auntylee > 1 week ago | Report Abuse

KNM takes out RM2.1m loan from major shareholder MAA to pay CEO’s salary

ocbc

880 posts

Posted by ocbc > 6 hours ago | Report Abuse

Follow AAsia style to list in US via SPAC can hit US$500m ( RM$2.X B) , now u know why they willing to pay Upto RM$0.18 fight for control now

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